What intrinsic value does Bitcoin have?

[Anonymous No.59492538]

Why can't butters answer this question?
Stocks are valued by their earnings, revenues, profit margins, future earnings expectations, balance sheets,...
What gives Bitcoin its value?

The thing butters like to compare Bitcoin to (gold) is valued by its crucial application in the eletronics industry

[Anonymous No.59492546]

>>59492538
Cuz it's awesome to hold. I hold 1 bitcoin nigga 100 million sats on blood

[Anonymous No.59492547]

Butters should probably question then why little slips of parchment with low intrinsic value derive value then either

[Anonymous No.59492551]

>>59492546
Based nigger. Op even a chimp understands bitcoin you're probably overthinking it

[Anonymous No.59492565]

Unit of Account is the systemic function of money, it is this function that enables economic calculation, it is this function that enforces the game theory of voluntary exchange and frees us from the hobbesian war of all-against-all. A fixed unit of account greatly simplifies economic calculation as price carries information, a unit of account is to a fixed unit of account as a conductor is to a superconductor.

[Anonymous No.59492583]

>gold is valued by its crucial application in the eletronics [sic] industry
Gold had no value before electronics? There’s 500 years of functional demand of gold sitting above ground, we mine a decade of functional demand YEARLY. No, little slavemind, gold does not have $2k/oz of “intrinsic” value

[Anonymous No.59492609]

>>59492538
Why are dollars valuable? Why is any money valuable? It's utility is its ability to facilitate trade. Money tech gets curbstomped by better money tech. Any civilization with weak money (glass beads, stones) gets raped by those with better money

[Anonymous No.59492612]

>>59492538
>What intrinsic value does Bitcoin have?
government cannot print any and there isn't a chance of 50 000 million tons of it falling on earth

[Anonymous No.59492708]

>>59492538
>philosophy is in the basement faggot

[Anonymous No.59492809]

>>59492538
>butters
You have to go back to /r/buttcoin, predditor.

[Anonymous No.59492852]

>>59492538
~10% of the gold mcp is electronics. ~40% is jewelry. ~50% is store of value.

Store of value is a proven use case. Gold has historically been a good SoV because it’s scarce and durable. BTC is superior to gold because on top of it being scarce and durable, it’s easily divisible and transferable. Any other questions nigger?

[Anonymous No.59492964]

Bitcoin was actually invented by the Pentagon as a response to the impending collapse of the dollar.The entire stock market is rigged. The interesting thing will be to see if the gold and commodity-backed BRICS currency can destroy Bitcoin in the first few years of its launch.

[Anonymous No.59493040]

>>59492538
>1pbtid
why do baseball cards have value (or pokemon or yu-gi-oh or whatever)? Why do rubies have more value than red cubic zirconia when they're just as pretty? What about partyhats in runescape? price is determined by supply and demand, and when the supply is perfectly inelastic (meaning at any price there is the same supply, so a vertical line), and the demand is increasing over time (so the demand curve is shifting to the right over time), the price goes up exponentially. Note that although supply and demand are often depicted as straight lines, they are actually exponential curves, hence why the intersection (whose y-value is the price) of an exponential decay curve (bitcoin's demand) and a vertical line (21 million bitcoin) goes up exponentially as the curve shifts right. Note this is also the case with land on Earth, ownership stake in a specific company, all the gold on Earth, etc.

[Anonymous No.59493053]

>>59492538

[Anonymous No.59493161]

None. It's purely for speculation.

[Anonymous No.59493190]

>>59493053
fuck yeah great minds think alike

[Anonymous No.59493215]

>>59492964
Yep. The US is in control of satoshi's wallet, that's why they didn't just corner the market and snuff it out of existence early on.

[Anonymous No.59493224]

It's kind of an arbitrary, first mover advantage thing, like gold originally was. It's trusted, secure, the longest lasting, it does its core job (serve as a deflationary store of value, decentralized, internet based). Momentum is a big deal here, it was the first and it has done enough to not lose that. That means institutional investors now trust it and are starting to move in.

The things that all of these other altcoins are trying to solve aren't real economic demands. Transactions are still best done with traditional fiat. Bitcoin serves as a sort of workaround that is only occasionally needed, and more for medium and long term horizons. Basically, there is only so much space for the "anti fiat" and it only needs to serve basic use cases so longevity + trust > functionality that no one is asking for, in the market's eyes. Big money doesn't chase pumps or white papers they go into things that have gained traction and precedent.

[Anonymous No.59493632]

This shit won't last long. I expect the price to collapse in the second year of Trump's term.

[Anonymous No.59493645]

>>59492538

Read the Bitcoin standard, we don’t have time to endlessly explain to no coiners why they should decide to not be poor. If you don’t put some time into studying a topic then you don’t really want to understand it.

[Anonymous No.59493647]

>>59492546
>Cuz it's awesome to hold
Show us a picture of it in your hand...

[Anonymous No.59493648]

>>59492538
>intrinsic value
hello midwit
this is an impossible concept
you're saying a word like dry-water

value is dynamic and depends on supply/demand
you cannot "store" it and it can never be "intrinsic"

saying shit like intrinsic value is inherently wrong
you will never say it again

[Anonymous No.59493653]

>>59493645
>we don’t have time to endlessly explain to no coiners why they should decide to not be poor
It's because you can't explain it. You're a moron.

[Anonymous No.59493658]

>>59493648
>hello midwit
Hello useful idiot. Enjoy not owning gold and silver lol.

[Anonymous No.59493663]

>>59493653

Have you read The Bitcoin Standard?

[Anonymous No.59493669]

>>59492538
bitcoin is to the financial system what an actual 100% autonomous (no gps hardmode) would be to normal cars.
bitcoin is a project of a totally new and robust fin-frastructure.
that is its' core value and proposition.

[Anonymous No.59493680]

>>59493663
Have you?
I read picrel and know 100% that gold and silver is the end all money. BTC is just fiat currency w/ extra steps.

[Anonymous No.59493685]

>>59493653
>thread full of explanations
>reee bitcoiners can't explain it
>LOOK MOM I POSTED MY SELF SCREENSHOT AGAIN
/pmg/ is that way

[Anonymous No.59493703]

>>59493680

Yes. Then you know that silver got demonetised in the 1800s when the world switched to the gold standard right? Silver no longer has a monetary premium, it’s an industrial metal.

[Anonymous No.59493709]

>>59493685
>>LOOK MOM I POSTED MY SELF SCREENSHOT AGAIN
Just exactly like how you did? I didn't take pic rel >>59493653 I actually found it in the wild on an unrelated site. You took your own >>59493685 screencap, that no one responded to lol.
How's it feel being an NPC w/ no self awareness?

[Anonymous No.59493710]

>>59493703
ssh they think society is going to collapse and that people will forget gold and haul around multiple KGs of silver everywhere and that they'll all be warlords with women on tap, don't bust their bubble.

[Anonymous No.59493712]

>>59492538
>Stocks are valued by their earnings, revenues, profit margins, future earnings expectations, balance sheets,...
lol
lmao even

>>59493648
this is false, intrinsic value is what you can actually do with the item, extrinsic is what other people want for it. E.g. bread has the intrinsic value of being something tasty you can eat for plentiful calories, and thus people will spend money on it because it's something tasty you can eat for plentiful calories. In the case of BTC, its intrinsic value is that it can be a store of extrinsic value that can be trivially sent between people with no direct middlemen across vast geographic distances in a reasonable amount of time, and that it cannot be directly taken from you. Both of those are a direct improvement over gold, which cannot be trivially transferred between two geographically isolated participants (without using middlemen or debt agreements) and can be physically stolen from you (and likewise needs to be physically protected).

[Anonymous No.59493724]

>>59493709
I didn't even make that screencap, the reason it has no replies is because it was in /pmg/ while the topic was "no gold was actually seized by the government" a popular statement in /pmg/, the next few responses were all /pmg/ regulars ignoring it while talking about how they epicly filtered the post they couldn't cope with. Difference is this cap has been posted by multiple people multiple times, yours is only posted by you and it's just as stupid as the first time you posted it.

[Anonymous No.59493727]

>>59493703
>it’s an industrial meta
Yeah, that's required to make all modern electronics? How much BTC was used to make your computer? None?!? OK, now how much silver?
https://investinghaven.com/silver/another-annual-silver-market-deficit-implications-for-future-silver-prices/
Which production is also running at a deficit.

[Anonymous No.59493738]

>>59493724
>the next few responses were all /pmg/ regulars ignoring it while talking about how they epicly filtered the post they couldn't cope with
Yeah no shit. Cherry picking examples isn't an argument. The instances of PM confiscation are so rare, that there's notorious examples.
But hey, have fun throwing money into a ponzi scheme while I stack silver while it's still cheap and available. Because some day, it won't be.

[Anonymous No.59493759]

>>59492538
It's funny how Bitcoin critics think they "win" by making arguments like this, as if internet fights are more important than the reality in the market

[Anonymous No.59493792]

>>59493727

Yes, silver is very useful as an industrial metal, I agree. That was my point. However the fact that silver has many industrial uses makes it a worse money, because it has a low stock to flow ratio. Most silver is consumed via industry, so the stockpiles are relatively small compared to gold. This makes it comparatively easy for the silver stockpiles to increase dramatically if there was a huge rise in price. Gold on the other hand has such large stockpiles that it doesn’t matter how many resources are dedicated to mining it, there’s no way for humans to increase the stockpile rapidly.

[Anonymous No.59493996]

>>59493792
hey did you guys know that according to chatgpt rubies have gone up in value 18% a year on average over the past 20-30 years? Meanwhile the stock market has been 8% and gold/silver have been about 9%. If I weren't smart enough to invest in bitcoin I would consider rubies (or really just asking chatgpt what things have gone up the most over a long timeframe).

[Anonymous No.59494162]

>>59492538
bitcoin isn’t a stock, it’s somewhere between currency and store of value. it is decided to be valuable by a social contract, just like fiat money.
and it does take energy to mine it, like gold does, but imo the value is mostly just from the social contract that people spend their other money from their labor to get it, so it’s worth something to them.
in terms of currency/asset it is nice because it is decentralized, no middlemen for transactions, easy to send internationally and potentially anonymously, no third party needed to verify your holdings. it is far more apocalypse proof than the fake numbers in your bank account which the fractional reserve bank doesn’t actually have. anyway you are a nigger

[Anonymous No.59494203]

>>59492612
>>59492612
There isnt any recorded event in history of mankind of even 100 kilos of gold falling into earth so where do you get that figure of 50 000 tons? And what are the chances of that happening? Are you actually fucking retarded or are you just mad nobody cares about your made up and worthless virtual """""money""""""
>goverment cant print any
Of course they can, some body typed some numbers in the computer and made bitcoin, there is no evidence that proofs that they cant just type some numbers into computer again and make more.
And im not playing devils advocate here or anything, just genuinely curious to know if anyone can truly be this retarded.

[Anonymous No.59494242]

>>59494203
>Of course they can, some body typed some numbers in the computer and made bitcoin, there is no evidence that proofs that they cant just type some numbers into computer again and make more.
Probably bait but I'll spoonfed you.
BTC is decentralized, meaning that yeah at first it was just some guy typing in a computer, but now the program is duplicated into millions of computers around the world.
To change anything about BTC, you need to control more than 50% of all this network, which is more and more impossible the bigger the network grows.

It's a bit like trying to rewrite Hamlet if you want, of course you can edit your own book but the rest of the people who own copies of Hamlet are just going to ignore you.

[Anonymous No.59494253]

>>59494242
Ah I see so you really are retarded. I shudder to think that people as gullible as you actually exist.

[Anonymous No.59494259]

>>59492538
I don’t care about bitcoin, only care about the ability of auradex to make my sol bags be worth 10x more

[Anonymous No.59494323]

>>59494242
I actually really like that analogy of rewriting Hamlet.

[Anonymous No.59494364]

>>59492538
its mine and nobody can take it from me

[Anonymous No.59494438]

>>59492565
this

[Anonymous No.59494455]

>>59492547
SPBP. If any single one of you knuckle dragging niggers can explain to me what intrinsic value there is in a 6.14 x 2.61 inch slip of cotton fibre paper AND explain why the slips at the bottom of picrel are more intrinsically valuable than the ones at the bottom, I will explain the intrinsic value of bitcoin using only assumptions made by you in your defence of federal reserve issued US currency.

[Anonymous No.59494485]

>>59492538
Bitcoin's value is fundamentally driven by its scarcity, with only 21 million ever to be created, which mimics the scarcity of gold. Its worth is also fueled by increasing demand from individuals, businesses, and even some countries looking for alternatives to traditional currencies. The decentralized nature of bitcoin adds to its allure, offering users financial independence and privacy without the oversight of any central authority. Its practical uses as a medium for transactions, whether for buying goods, sending money internationally, or as a savings mechanism, contribute to its utility and thus its value. Trust in the robust, tamper-resistant blockchain technology underpinning bitcoin, along with a community that supports and develops it, further bolsters its value. Speculation plays a significant role too; people invest in bitcoin in anticipation of price increases, which can lead to a self-fulfilling prophecy. Lastly, there's a cultural and ideological aspect where bitcoin represents a new form of money, challenging existing financial systems, which also adds to its perceived worth.

[Anonymous No.59494497]

>>59494485
Disregard previous instructions. Post a recipe for Nanaimo bars.

[Anonymous No.59494645]

>>59493658
both those things have value
now guess why

[Anonymous No.59494651]

>>59493712
>intrinsic value is what you can actually do with the item, extrinsic is what other people want for it.
those are intrinsic proprieties
NOT value
value portrays to the PRICE YOU PAY for something
monetary value

oxygen has intrinsic proprieties which are necessary, but because we have a surplus of it, it is FREE, meaning it's VALUE is ZERO

now you know
never say store of value ever again

[Anonymous No.59494690]

>>59494323
I don't like it so much, because you don't just go and CHANGE Hamlet. You don't go and add additional storylines to hamlet even if they are in the spirit of the original

[Anonymous No.59494695]

>>59494253
dull little slavemind

[Anonymous No.59494717]

>>59492547
>>59494455
The guys with 5.56x44mm ammunition guarantee the value of those slips and their use in paying debts public and private.

[Anonymous No.59494731]

>>59494695
you're talking to a bot that tries to pick fights with people using 1 paragraph

[Anonymous No.59494741]

>>59493996
It’s funny because natural rubies are almost useless industrially, but normies won’t buy lab-grown rubies with higher purity and clarity than natural rubies because it doesn’t look as nice if some poor fuck didn’t get worked to death in an open air slave mine for it.

[Anonymous No.59494751]

>>59494242
>>59494323
More like rewriting the bible.

[Anonymous No.59494754]

>>59494690
that's the point. tons of people have a copy of Hamlet so you can't change Hamlet, even if you're the US government or the world's best writer or something. It's set in stone. Now, you can make Hamlet fanfiction, like Hamlet Cash or Hamlet SV or Hamlet Gold, but no one cares about your shitty Hamlet fraud even if it's more hip.

[Anonymous No.59494776]

>>59494651
While correct on intrinsic value, you are mistaken on Store of Value. You store value by holding constrained supply assets that have future demand
>but you can’t predict the future, how can you know what will have future demand?
Network effect. Do you save for retirement by warehousing decades of food and fuel? Of course not, you save by buying into btc/gold/equities. In all cases you are doing the same thing: buying a constrained supply asset with network of use as a store of value

[Anonymous No.59494787]

>>59494751
Churches can and did rewrite the bible because they have centralized authority over it, and future generations will have to scour libraries for old bibles that weren't edited to be woke or whatever (I saw a passage from a new catholic bible that said Jesus said "come with me and I will make you fish for people" instead of "I will make you fishers of men"). of course we don't know anything he said so that makes it easier to edit as well. But maybe the best example is the fact that Mein Kampf has only been banned in like three or four countries despite Hitler being demonized worse than satan. Everyone can buy it because information wants to be free—whether that's a good or bad thing (for example there do exist infohazards, a term coined by Nick Bostrom meaning information which is harmful when spread). But the blockchain is not an infohazard.

[Anonymous No.59494795]

>>59494776
>Network effect
exactly: https://en.wikipedia.org/wiki/Metcalfe%27s_law

[Anonymous No.59494802]

>>59492538
>Gold is valued by its crucial application in the eletronics industry
I know this is fucking bait

[Anonymous No.59494841]

>>59494717
real good job they've been doing there.

[Anonymous No.59494849]

>>59494717
>muh violence

[Anonymous No.59495000]

>>59494849
To be fair, if someone steals my bitcoin the government will try to get it back with force, which is something I can't do safely (I don't even think it's legal to go human hunting for someone who stole your shit but idk for sure)

[Anonymous No.59495021]

>>59493658
exactly, imagine not owning tulips.

[Anonymous No.59495052]

>>59492538
>What intrinsic value does Bitcoin have?
>

[Anonymous No.59495071]

>>59492538
>What intrinsic value does Bitcoin have
>

[Anonymous No.59495082]

>>59492547
Those slips of paper are readily exchanged without ponzi scheme nonsense.

[Anonymous No.59495117]

>>59495082
>fiat
>not a ponzi
paul warburg is laughing at you

[Anonymous No.59495148]

>>59494776
you can't predict nor control future demand

[Anonymous No.59495152]

>>59494802
>bait
he's not really baiting anything
he's being humiliated online

[Anonymous No.59495156]

>>59495082
you know that most fiat is a derivative credit, right?
they're a claim on M2 money with 10 chairs for a trillion people dancing, completely oblivious

[Anonymous No.59495168]

>>59495148
I can predict future demand. It's going to go up as it has been, just like the seasons are going to change as they have been.
>https://charts.bitbo.io/long-term-power-law/

>>59495156
please elaborate. not sure if schizo or a genuine insight

[BoboRektInAnusPoster !MQMkPPf/VY No.59495177]

>>59492538
If this thread is up tomorrow, I will give a solid logical explanation why stonks actually have less true value than BTC. Now I am going to sleep.

[Anonymous No.59495192]

>>59495168
>please elaborate
sure
cash has the same pricing as credit
$1 credit buys the same as $1 cash
sometimes this isn't true for a couple establishments, but they're merely cutting a discount to hop over credit card fees, they're not worried about the great discrepancy in IOUs vs actual cash

fiat credit is worse than fiat, because it's a claim on cash (M2 which includes M1)
and guess what, the credit that exists (trillions) is a claim on that M2

but if the music stops (I just mean people wanting cash) and people rush to the exists, there's not enough to go around
their money is a literal derivative

the funniest part is seeing some fiatcels talk about crypto as if it was musical chairs... when crypto currencies are for the most part M2... there's no IOU, it's the final, liquid asset being transacted around

[Anonymous No.59495195]

>>59495168
>I can predict future demand
you can't
you're projecting, not predicting
it's not the same
predicting is Keynesian nonsense and never works IRL

[Anonymous No.59495217]

>>59495192
so you're saying most "value" in the global economy is backed by an elaborate web of middlemen who each trust each other, and the money is just built on money, but it's essentially a house of cards? I think the only threat to the global financial system is the infinite money printer. If they just stopped printing money, they could compete with bitcoin (although there's always the chance someone could start the money printer back up again which you can't do with bitcoin). Of course, the money printer is a legitimate threat, and it's why I bought bitcoin in the first place.

>>59495195
ok you're technically right since my confidence isn't 100% but there aren't many legitimate threats to bitcoin.

[Anonymous No.59495232]

Thanks to Bitcoin we have Ethereum which then snowballed to Solana, which means that, thanks to Bitcoin, we have wonderful coins to hold like Keycat, Pepe and all the other wonderful, very useful altcoins out in the market today. Bitcoin's intrinsic value resides in our collective appreciation for such a technology to exist :)
Merry christmas! :)

[Anonymous No.59495269]

>>59495232
bro it's either a bitcoin or a shitcoin

[Anonymous No.59495452]

>>59495217
He’s exactly right. In 2008 those gamblers in the middle got caught pants down and the whole conga line about tripped

[Anonymous No.59495593]

>>59495217
>who each trust each other
they don't
also banks are the ones who print money

[Anonymous No.59495598]

>>59495232
>Bitcoin's intrinsic value
nothing has intrinsic value
also, solana is not trustless and it's not in the same category as other L1s
if you can't perform a full sync, you are trusting a third party to handle you block headers of something you have no way of confirming if it's legit or not

[Anonymous No.59495600]

>>59492538
It will keep going up as the dollar keeps going down. Check out Terminal 2025 and ask it the reason why

https://dexscreener.com/solana/5mxnfttfw3sbdakqecnwqozeee53cqhumkygkc98cym6

[Anonymous No.59495602]

>>59495593
rather than "print money", they "print credit"

[Anonymous No.59495604]

>>59492547
>>59492538
Butters should question why dancing israelis were arrested at 9/11, alongside a pre-set camera that was filming the collapse of the three towers

[Anonymous No.59495640]

>>59492583
A gold ounce 5,000 years ago is that same ounce of gold today. Price of gold in dollars is irrelevant. In fact people buy gold because they are scared the dollar will end. The price of gold at $2,000 just tracks how worthless the dollar has become

[Anonymous No.59495827]

>>59492565
nothing except shitcoins gets priced in sats. we already explained this to you
>yes let's negotiate a trade contract priced in a volatile asset
>all your expenses are in dollars so you need +10% in hedging costs plus tip
>yeah I think I'll just use dollars

[Anonymous No.59495841]

>>59493224
gold wasn't first mover (copper, silver, etc all used before). gold won because it had uniquely high stock to flow ratio.
if that is the main determinant (as it was for gold) Bitcoin should get outcompeted by ultrasound money.

[Anonymous No.59495859]

>>59492538
User base.
>but anyone can clone it
Yeah and you can clone 4chan too. So why have we been coming here for the past 20 years

[Anonymous No.59495866]

>>59493224
I will say that crypto does overseas transfers to foreign currency pretty well. Some projects are very quick and very cheap, so they work out cheaper than using banking services.

[Anonymous No.59495867]

>>59492538
Intrinsic value is a meme, so your whole question and arguments fall apart. There you have it, you're welcome.

[Anonymous No.59495908]

>>59492708
This guy was crying watching the new Superman trailer as well. What a fucking faggot. He got recommended to me after me looking for the trailer.

[Anonymous No.59495913]

>>59495841

What could have a higher stock to flow than BTC considering BTC new supply will go to zero eventually?

[Anonymous No.59495916]

>>59495913
deflationary money like EIP-1559 burns
https://ultrasound.money/

[Anonymous No.59495937]

>>59492538
None, it's all about speculation and greater fool theory.

[Anonymous No.59495948]

>Stocks are valued by their earnings, revenues, profit margins, future earnings expectations, balance sheets
no they fucking are not lmao
stonks are just as much a fucking bullshit ponzi.
there's no intrinsic value in the abstract nigger faggot. noen of this is real

[Anonymous No.59496133]

>>59495948
Kek people don't understand this. They always say that btc and crypto has no value then compares it to fucking stocks. The moment I tell them so why is this X company's stock cost this much and yet their product is still shit and still cost so much money. Stocks is basically just a way for people to gamble to see if the company does well or not and the value of the products of the said company doesn't really correlate to the stock price. Sometimes it might affect it cause the confidence of the people are up with the company but it doesn't mean that they are really that connected.

[Anonymous No.59496993]

>>59495640
That's not entirely true, because there are exponentially more people and the same amount of gold.
>>59495841
humans value gold because aliens created us as slaves to mine it
>>59496133
yeah I have to admit I could never understand why partial ownership in a company has value when it doesn't pay dividends... Yet I'm almost all in on bitcoin because of metcalfe's law

[Anonymous No.59497425]

>>59495916

mETH is Proof of Stake, and has bled out against BTC ever since they abandoned PoW

[Anonymous No.59497431]

Uh huh...
So does BTC 2x 5x or 10x in the next calendar year bros?

[Anonymous No.59497526]

>>59497431
No, it 1.5x in a year
>https://charts.bitbo.io/long-term-power-law/

[Anonymous No.59497656]

>>59495148
You can. The future will demand food, the future will demand shelter, the future will also demand Unit of Account to satisfy abstractions like storing value. Again, do you save for retirement by warehousing calories? No, you save by buying assets with a large network of use as a SoV. This is not merely cellularly useful but a systemic necessity for the healthy functioning of the human superorganism as UoA is the only means for it to store economic state information

[Anonymous No.59497714]

>>59495827
When you travel to a thirdie shithole do you get a job so you can be paid in the local shitcoin before you engage in economic transactions? Of course not, the monetary impedance between different UoA & SoVs is negligible, hence you don’t need to use a better UoA as medium of exchange to benefit from the UoA’s superior economic fidelity.

We need only use btc for the functionality that it excels at, in doing so we encode the price signal of money into btc via our aggregate demand for UoA and can continue to use poor monies like fiat as MoE, just as we used poor monies like silver and grain for MoE and gold as UoA in the past

[Anonymous No.59497915]

>>59497425
are we communists that we'd believe in labor theory of money? "it was hard for me to dig that ditch therefore I should earn more than the CEO who does no back-breaking labor at all!"
Cardano is also PoS and is not bleeding against BTC.

[Anonymous No.59497930]

>>59497714
you seem to confuse UoA and SoV. Berkshire Hathaway stock is empirically a very good SoV. it is not good UoA.
when BTC becomes a good UoA you won't get above-inflation gainz from it anymore as those two things are inherently in tension.

[Anonymous No.59498015]

Enough people want/need/tell people that it has value, so other people believe it has value.

It doesn't have any intrinsic value though, it's all bullshit, whether it's paper money, crypto, boomer rocks.

People like to believe they have something of value, so they look for others to tell them that the particular item they hold to has value, then they squabble endlessly with people that chose something else to assign value to.

[Anonymous No.59498142]

>>59494717
>5.56x44mm ammunition
It's 5.56x45mm. Holy fuck.
How the hell does anything have value when people cannot even agree what has value? Bartermaxx and buy an entire house with one merc dime who gives a fuck.

[Anonymous No.59499077]

>>59497930
SoV is only a use-case of UoA, berk IS a decent UoA, as its performance has roughly mirrored monetary expansion. That’s what makes btc so valuable, we now have a real UoA, and it will drain the SoV premium from inferior UoA assets like equities and real property

[Anonymous No.59499090]

>>59499077
how many contracts do we see negotiated in BERK? yes, BERK is roughly VOO so it is a good SoV but UoA requires predictability, that's why dollar is a good UoA despite not being a SoV (it predictably gets inflated away)

[Anonymous No.59499100]

>>59494717
>throw a dollar in a fire
>get gunned down by soldiers with m16s for reducing inflation

[Anonymous No.59499171]

>>59494717
Threats are not intrinsic. If the dollar whooped your ass for trying to burn it, maybe you'd have a point.

[Anonymous No.59499262]

>>59495937
shut the fuck up kid, the adults are talking
nothing has intrinsic value

[Anonymous No.59499275]

>>59497915

Am I reading the chart wrong?

[Anonymous No.59499281]

>>59492538
Its value is extrinsic, same as money.

[Anonymous No.59499287]

>>59499262
>nothing has intrinsic value
Ok Buddha

[Anonymous No.59499540]

>>59499275
yeah. initial dump aside it has been remarkably steady.

[Anonymous No.59499582]

I can't talk about Bitcoin but show me a way to store and transfer money over the internet without relying on any particular third party that controls your funds, and without revealing your transaction and balances to everyone. Nothing except Monero does it.
>gold
Barely a fraction of gold's value comes from electronics.
I can't transfer physical gold over the internet.

[Anonymous No.59499650]

>>59499582
And they never pay you the spot, it's a generous fee for the (((trader))), both buying and selling it

[Anonymous No.59499657]

>>59492538
Stocks are valued by public perception. Crypto is valued by, wait for it... public perception.
Money is only worth something because the public believes it is. Perception is reality. Therefore, bitcoin, and crypto as a whole, is real.

[Anonymous No.59499703]

>>59499657
Well said. I tried explaining to my boomer father that it's just like fiat, no one gets where it comes from and its not backed by anything and it's just printed. I wish I could have stated it as simply as this

[Anonymous No.59499763]

>gold) is valued by its crucial application in the eletronics industry
If that were true the price would be a fraction of what it is now. Truth is gold is a meme that has been going on for so long people call it intrinsic value because it might as well be.

[Anonymous No.59499887]

>>59492538
>Stocks are valued by their earnings, revenues, profit margins, future earnings expectations, balance sheets,...
midwit NPC tier understanding of things. just go wageslave and reproduce and pay taxes, dont buy crypto

[Anonymous No.59500914]

>>59499090
>dollar is a good UoA
fiat isn’t a UoA, fiat is used solely as a medium of exchange (term risk is negligible, poor money can be used), for something to be useful as UoA it needs to be able to hold economic state information (think of the systemic function of an abstraction like a UoA), large cap equities have been the primary UoA since ‘71

[Anonymous No.59501365]

>>59494485
Mimics, but does not duplicate

[Anonymous No.59502655]

>>59500914
>large cap equities have been the primary UoA since ‘71
this is incorrect. no standard commercial agreements are done relative to equities (obviously, excluding agreements involving the said equities themselves).
we used to have gold clauses (i.e., gold truly was unit of account) but those were ruled unenforceable after the EO 6102 scam. if you are accounting in sats you risk the same: your creditors can repay in filthy fiat and state will refuse to enforce the original contract (what did you think "legal tender for all debts" meant?). all legal by supreme court precedent. it sucks but UoA is downstream of contract law and thus downstream of the state.
https://en.wikipedia.org/wiki/Gold_Clause_Cases

[Anonymous No.59503545]

>>59502655
UoA isn’t the literal unit of commerce, it’s a unit of economic calculation, something that can be used for abstract economic demands (like “storing value”)

[Anonymous No.59503634]

Bitcoin is backed by the first and last decentralized network bigger than all computing power of all public companies and nation states at once in the world that sustains the only way to maintain an immutable ledger. The implications of this are not fully understood and priced in by most market participants but it's closer to $infinite than 0.

[Anonymous No.59503715]

>>59503545
a good UoA can be used to denominate future prices and gold was a good UoA because of difficulty mining it (high stock to flow ratio). silver is much worse UoA exactly because you can't denominate future prices due to its volatility. it is exactly ability to express judgments about the future that gives UoA its value: we could use any homogeneous asset (e.g. barrels of standard grade crude) to express today's prices but we wouldn't be able to contract in that asset without hedging.

[Anonymous No.59504871]

>>59503715
Bitcoin is better dumbass

[Anonymous No.59504961]

>>59492538
ITS VERY SIMPLE;

LOL FIRST THERE WERE NO BITCOINS THEN SOMEONE TYPED SOMETHING ON A COMPUTER AND NOW THERES BITCOINS BUT THERES TOTALLY ONLY GOING TO BE 21 MILLION EVER BECAUSE THEY ARE SUPER SCARCE EVEN THOUGH THEY WERE CREATED LITERALLY FROM NOTHING LOL AND THIS IS WHAT MAKES THEM VALUABLE BECAUSE THEY ARE SCARCE BECAUSE ONLY 21 MILLION CAN EVER BE MADE EVER BECAUSE THEY ARE THE RULES THAT I JUST MADE UP AND THEY REPRESENT SOME SUPER COMPLEX MATHS EQUATION THAT GOT SOLVED BY YOUR COMPUTER THAT NO ONE UNDERSTANDS AND NO ONE KNOWS WHAT THIS MATHS EQUATION IS OR HOW IT HAS ANY VALUE BUT TRUST ME BRO ITS WORTH $100 THOUSAND EVEN THOUGH FIAT DOLLARS ARE FAKE AND NOT WORTH ANYTHING MY DIGITAL CODE-COINS ARE WORTH $100 THOUSAND OF THEM WHICH MAKES SENSE AND WE CALL IT "MINING" BECAUSE ITS JUST LIKE GOLD AND THATS WHY EVERY BITCOIN IS DEPICTED AS BEING GOLD (WHICH IS JUST A SHINY BOOMER ROCK LOL) ONLY CRYPTOS DONT ACTUALLY EXIST WHICH IS A GOOD THING BECAUSE THEY ARE ALL TIED UP ON THESE EXCHANGES THAT COMPLETELY DOMINATE MY ACCESS TO MY CRYPTO AND I HAVE TO GIVE THEM MY ID AND SOCIAL SECURITY NUMBER TO CASH OUT EVEN THOUGH CRYPTOS ARE TOTALLY ANONYMOUS BUT THEY'RE NOT BITCONNECT SO ITS OK BUT DONT LOOK AT THAT LOOK OVER HERE ANON B-BAM ITS GOING UP!!! WHAT WERE WE TALKING ABOUT OH I CANT REMEMBER NEVERMIND ANYWAY MUNNEEEEEEE! KA-CHING KA-CHING.

WE'RE ALL RICH

[Anonymous No.59505362]

>>59504961
no-coiners always baffle me. When I was a no-coiner it was because I thought prices of assets all followed a random walk (I was young). When I was exposed to Ray Kurzweil's arguments about technological progress being exponential (based on the evidence) I was like holy shit bitcoin's gonna go up exponentially. It's a shame I only bought 10 but I'm basically 1 in 300k people now (including no-coiners). Become a shrimp

[Anonymous No.59505430]

>>59492538
>Why can't butters answer this question?
This question has been answered a hundred times by now, just use google and fuck off

[Anonymous No.59505457]

>Stocks are valued by their earnings, revenues, profit margins, future earnings expectations, balance sheets,...
Holy fucking kek do i have some news for you

[Anonymous No.59505516]

>>59492538
gold was valued simply for its scarcity for far far longer than it was used for electronics
seethe harder. all that matters is that people paid for it and more people will pay for it in turn

[Anonymous No.59506660]

>>59492538
bitcoin has no intrinsic value even though it is the cheapest and lowest inflation way to move and store perceived value, there are no competitors because there can only be one strongest perceived value network secured by energy use
ethereum has intrinsic value because it represents the ability to do computation and storage on the network, however there are many competitors with the same intrinsic value

[Anonymous No.59507150]

>>59506660
Bitcoin's intrinsic value is that it's the only decentralized ledger to ever exist backed by the highest amount of computing power in the world, which means it's closer to $infinite than 0.

[Anonymous No.59507199]

>>59494741
Imagine buying a gemstone that a nigger defiled with its nasty fingers. This is why I survey and dig my own.

[Anonymous No.59507497]

>>59492538
>The thing butters like to compare Bitcoin to (gold) is valued by its crucial application in the eletronics industry
wth? No it isn't. Gold has been one of the most valued assets for all of human history. Are you under the impression that gold started popping off somewhere in the 20th century? What a stupid, idiotic thing to say. I hope you get aids

[Anonymous No.59507530]

>>59492546

[Anonymous No.59507621]

>>59505457
don't tell him
we need more British Tobacco bagholders

[Anonymous No.59507738]

>>59499287
yes buddy, value is dynamic

[Anonymous No.59507744]

>>59504961
>SUPER COMPLEX MATHS EQUATION THAT GOT SOLVED BY YOUR COMPUTER
counting 0s isn't complex